Charitable Gift Annuities
Charitable Gift Annuities are the most popular type of life income gift. It offers you a way to make a significant gift to the MSPCA-Angell while continuing to provide for your own future. In exchange for a gift of cash, securities or other assets, the MSPCA-Angell agrees to pay one or two people — chosen by you — a fixed sum of money each year for life. The older these people are at the time of your gift, the greater the payments. A portion of each payment may be tax-free; this varies depending on whether funded with cash or appreciated stock. The minimum amount to fund a gift annuity is $10,000.
Here's an example:
If you and your spouse name yourselves as beneficiaries of a gift annuity to the MSPCA-Angell, your benefits include the following: you will receive fixed payments in quarterly installments for life, a federal income tax charitable deduction for a portion of the gift amount, and you will provide generous support to the MSPCA-Angell. We will be glad to provide you with specific calculations that are based on your own personal interests and financial situation.
Charitable Remainder Trusts
There are different types of charitable remainder trusts. In general, you would transfer cash, securities, real estate, or other assets into a trust that can be managed by the MSPCA-Angell or financial trustee of your choice; the trustee invests these assets and makes payments for life to the one or more people you choose, such as your spouse or children; you may qualify for a federal income tax deduction for a portion of the gift amount; upon the death of your last named beneficiary, the assets remaining in the trust go to the MSPCA-Angell to be used for the purpose you designate; your loved ones may have reduced probate costs and estate taxes; you will provide generous support to the MSPCA-Angell.
